Retail Condo with Long-Term NNN
For Sale
$1,318,200
109-5451 E Harmony Rd, Timnath, CO
Newly constructed first-generation retail condominium is leased on a long-term triple net basis with scheduled annual rent escalations.
Property SizeContact for details
Days on Market146
Property Features for 109-5451 E Harmony Rd
General Information
Standard status
Active
Additional Details
Cap Rate
6%
Listing Agency:
CBRE Inc
Listed By:
Jon Rue · License #FA100004546
(970) 372-3007
Source:
Exprealty
Added: Jun 4
Changed: Oct 26
Last Checked: Oct 26 at 8:25PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of CBRE Inc
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Investment Insights
Based on property information with market context.
This newly constructed, first-generation retail condominium is offered as a long-term triple net (NNN) investment. Unit 109 is leased to Mtn + Mane, a boutique hair salon concept, under a new 10-year lease commencing August 1, 2025, and expiring August 1, 2035. The lease includes annual rent escalations of approximately 3% during the term.
The property is located at 5451 E Harmony Rd in Timnath, Colorado. The listing also notes that neighboring units 103 and 105 are available as separate investment opportunities.
For investors seeking a passive ownership structure with minimal landlord responsibilities, Unit 109 combines new construction with contractual rent growth across the lease’s primary term.
The property is located at 5451 E Harmony Rd in Timnath, Colorado. The listing also notes that neighboring units 103 and 105 are available as separate investment opportunities.
For investors seeking a passive ownership structure with minimal landlord responsibilities, Unit 109 combines new construction with contractual rent growth across the lease’s primary term.
Key Highlights
- Unit 109 is leased to Mtn + Mane, a boutique hair salon concept, under a new 10‑year triple net (NNN) lease.
- Lease term for Unit 109 runs from August 1, 2025 through August 1, 2035.
- Scheduled annual rent escalations of approximately 3% provide built‑in rent growth during the lease term.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
216
Businesses Nearby
254k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Superstores 48%
Dining 39%
Shops & Services 13%
Walmart
Superstores
121,787 visits/mo
0.3 miles
Chick-fil-A
Dining
42,672 visits/mo
0.5 miles
Murphy USA
Shops & Services
28,750 visits/mo
0.4 miles
Starbucks
Dining
22,243 visits/mo
0.4 miles
Wendy's
Dining
18,202 visits/mo
0.4 miles
Market
Vacancy Rate% for Retail in West region
Frequently Asked Questions
What type of property is this?
NNN property - Newly constructed first-generation retail condominium is leased on a long-term triple net basis with scheduled annual rent escalations.
Where is this nnn property located?
The property is located at 109-5451 E Harmony Rd Timnath, CO.
What is the asking price?
The asking price for this property is $1,318,200.
What are key features of this property?
This property features: Unit 109 is leased to Mtn + Mane, a boutique hair salon concept, under a new 10‑year triple net (NNN) lease.; Lease term for Unit 109 runs from August 1, 2025 through August 1, 2035.; Scheduled annual rent escalations of approximately 3% provide built‑in rent growth during the lease term.
